Growth in employment in the 4th quarter of 2022 in Southern Cyprus

According to the data published by the Politis newspaper, the European Statistics Unit (Eurostat), in the last quarter of 2022, Southern Cyprus has the third largest growth in Gross Domestic Product and employment (GDP) compared to the previous quarter, and the fourth largest in employment. He wrote that he had growth.

The newspaper added that while seasonally adjusted GDP increased by 1.1 percent in the 4th quarter of 2022 in Southern Cyprus, employment increased by 0.7 percent.

INCREASE IN GOVERNMENT REVENUES

Haravgi newspaper, on the other hand, noted that the state's revenues increased due to high cost and taxes.

According to the data released by the Southern Cyprus Statistics Office yesterday, the newspaper wrote that 2022 completed the year with a budget surplus of 609.5 million Euros, while 2023 started with a more dynamic pace and a budget surplus of 342.5 million Euros was recorded from the first month. stated.

The newspaper, which wrote that the great increase in the budget surplus was due to the increase in the revenues of the state due to the expensiveness and taxes, stated that the revenues increased by 14.5 percent in 2022.

Noting that the revenues of the state were 9 billion 94 million Euros in the same period of the previous year and this increased to 11 billion 38 million Euros in 2022, the newspaper added that the pace of increase reached 21.6 percent in January 2023, breaking all previous records.